Time Warner Inc (NYSE:TWX) – B. Riley upped their FY2018 earnings estimates for shares of Time Warner in a research report issued to clients and investors on Tuesday. B. Riley analyst B. Crockett now expects that the media conglomerate will earn $8.28 per share for the year, up from their prior forecast of $6.44. B. Riley has a “Hold” rating and a $101.00 price objective on the stock. B. Riley also issued estimates for Time Warner’s Q4 2018 earnings at $2.66 EPS, FY2019 earnings at $8.45 EPS and FY2020 earnings at $9.30 EPS.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.16. The company had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share.

TWX has been the topic of several other research reports. Zacks Investment Research downgraded shares of Time Warner from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Monday, November 13th. Guggenheim reissued a “buy” rating on shares of Time Warner in a research note on Thursday, January 4th. Cowen reissued a “hold” rating and set a $102.00 price objective on shares of Time Warner in a research note on Friday, October 27th. Finally, Deutsche Bank reissued a “buy” rating and set a $99.00 price objective on shares of Time Warner in a research note on Friday, November 10th. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $104.36.

Time Warner (TWX) opened at $92.40 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. The stock has a market cap of $72,555.59, a P/E ratio of 13.96, a P/E/G ratio of 1.25 and a beta of 0.94. Time Warner has a one year low of $85.88 and a one year high of $103.90.

Hedge funds have recently modified their holdings of the stock. Whittier Trust Co. increased its position in Time Warner by 3.2% during the third quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock worth $5,038,000 after purchasing an additional 1,513 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Time Warner in the third quarter worth $12,294,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Time Warner by 10.7% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 373,956 shares of the media conglomerate’s stock worth $38,312,000 after acquiring an additional 36,200 shares in the last quarter. Swiss National Bank increased its position in shares of Time Warner by 1.9% in the third quarter. Swiss National Bank now owns 3,052,408 shares of the media conglomerate’s stock worth $312,719,000 after acquiring an additional 56,000 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Time Warner by 20.3% in the third quarter. Principal Financial Group Inc. now owns 1,894,880 shares of the media conglomerate’s stock worth $194,130,000 after acquiring an additional 319,196 shares in the last quarter. 77.55% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the transaction, the chief executive officer now owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. Insiders have sold 356,947 shares of company stock valued at $32,369,031 in the last ninety days. 0.16% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.74%. The ex-dividend date was Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is 24.32%.

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About Time Warner

Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.

Earnings History and Estimates for Time Warner (NYSE:TWX)

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